Quick jump
Hello and welcome to this blog post about ReddCoin RDD White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the ReddCoin RDD white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the ReddCoin (RDD).
I can ensue you that, you will be able to understand every bits and pieces related to ReddCoin (RDD) after going through the ReddCoin RDD white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
ReddCoin RDD White Paper
ReddCoin RDD white paper will be going to provide you, all the information that is needed to get started with ReddCoin (RDD), including the inspiration for creating, the problem it is trying to solve and the solution proposed by ReddCoin (RDD).
Abstract
Proof of Stake Velocity (PoSV) is proposed as an alternat ive to Proof of Work (PoW) and Proof of Stake (PoS) t o secu re the peer-to-peer network and confirm transactions of Reddcoin, a cryptocurrency created specifically to facilitate social interactions in the digital age. PoSV is designed to encourage both ownership (Stake) and activity (Velocity) which directly correspond to the two main functions of Reddcoin as a real currency: store of value a n d medium of exchange.
Reddcoin can also function as the unit of account in heterogeneous social context. The technological aspects of PoSV are presented after a detailed review of existing designs. The economic aspects of Reddcoin are then analysed. Finally the unique position of Reddcoin as a digital social currency in the competitive landscape of cryptocurrencies is discussed.
White Paper Link: ReddCoin (RDD) White Paper
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